What defines the price of cryptocurrency? List of factors.
The primary reason for Cryptocurrency popularity has been the price. The price is determined by various factors which we are going to discuss today.
The price of cryptocurrency goes up and down and it all depends on the demand and supply. Thanks to the trends and factors such as human sentiments that also act as a major player when it comes to the price changes. There is an extensive article on the human sentiments that are responsible for the price changes and how you can understand them and avoid them.
To first understand the price let us understand that there can be any number of features that are responsible for the price change. These are the points that form the basics of the determination of the price and some that affect the price after it.